Share Latest Dec-2023 C_TS4FI_2021Test Practice Test Questions, Exam Dumps
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SAP C-TS4FI-2021 exam is an excellent opportunity for professionals who want to validate their skills and knowledge in SAP S/4HANA Financial Accounting. SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) certification is sought after by many companies that use SAP S/4HANA Financial Accounting and is recognized worldwide. Passing C_TS4FI_2021 exam will not only boost your career but also prove that you are a valuable asset to any organization.
NEW QUESTION # 35
A general ledger account is defined with the account type "Nonoperating Expense or Income" Where can this account be used?
- A. Profit and loss account that is used in margin analysis and profit center accounting
- B. Profit and loss account that is used in overhead management accounting
- C. Profit and loss account that is used in profit center accounting
- D. Profit and loss account that is used in margin analysis
Answer: B
NEW QUESTION # 36
Asset Accounting
"You are configuring asset-related postings of depreciation areas in Asset Accounting for a company code that uses the ledger approach to parallel valuation Which of the following settings would lead to an error?"
- A. Area posts in real time
- B. Area posts APC immediately, depreciation periodically
- C. Area posts depreciation only
- D. Area does not post
Answer: D
NEW QUESTION # 37
General Ledger Accounting
"What do you need to do to configure a new exchange rate type in SAP S/4HANA?
Note: There are 2 correct answers to this question."
- A. Maintain exchange rates daily
- B. Specify the company code currency as the base currency
- C. Set up the relationship between currencies using translation ratios
- D. Specify a purpose for the exhange rate type
Answer: A,C
NEW QUESTION # 38
Overview and Deployment of SAP S/4HANA
"What are key reasons for preferring a new implementation of SAP S/4HANA rather than a system conversion from SAP ERP?
Note: There are 2 correct answers to this question"
- A. You want to integrate the system into SAP Cloud Platform
- B. You want to use document splitting for the General Ledger
- C. You want to deploy SAP S/4HANA Cloud
- D. You want to clean up your system and use SAP Best Practices
Answer: C,D
NEW QUESTION # 39
Asset Accounting
What is the difference between the ledger approach and the accounts approach to parallel caluation in Asset Accounting?
Note: There are 1 correct answers to this question.
- A. In the ledger approach, you assign a ledger group to every depreciation area, unlike the account approach.
- B. In the leger approach, you maintain additional depreciation areas to post the delta valuation of each accouting principle, unlike the accounts approach.
- C. In the accounts approach, you assign a separate set of accounts for each accounting principle, unlike the ledger approach.
- D. In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach.
Answer: C
NEW QUESTION # 40
Accounts Payable and Accounts Receivable
What dunning -related data do you maintain on the business partner master record? (3 correct answers)
- A. Dunning interval
- B. Dunning Key
- C. Dunning procedure
- D. Dunning block
- E. Dunning area
Answer: B,C,D
NEW QUESTION # 41
You want to create a substitution in Financial Accounting. Which parts do you have to define for each step of the substitution? Note: There are 2 correct answers to this question.
- A. Prerequisite
- B. Check
- C. Replacement
- D. Message
Answer: A,C
NEW QUESTION # 42
How does SAP S4/HANA support the treatment of taxes?
Note: There are 3 correct answers to this questions.
- A. It adjust the tax codes and automatically updates the procedure
- B. It checks the tax amount entered and automatically calculates the tax
- C. It post the tax amount to tax accounts
- D. It checks the tax codes and automatically updates the taxes based on changes by tax authorities
- E. It performs tax adjustments for cash discounts and other forms of deductions
Answer: B,C,E
NEW QUESTION # 43
Which closing activities are performed for external reporting as per SAP best practices?
Note: There are 3 correct answers to this questions.
- A. Perform a top-down distribution in margin analysis
- B. Preform valuations of open items in foreign currency
- C. Regroup receivables and payables on the balance sheet
- D. Perform flat rate value adjustment for receivables
- E. Run plan assessment cycles for profit center
Answer: B,C,D
NEW QUESTION # 44
How does the system determine the correspondence type of a payment notice?
- A. According to the reason code, as all reason codes carry the same correspondence type
- B. According to the tolerance group, as all reason codes carry the same correspondence type
- C. According to the reason code, as long as all tolerance groups carry the same correspondence type
- D. According to the tolerance group, as long as all tolerance groups carry the same correspondence type
Answer: C
NEW QUESTION # 45
Accounts Payable & Accounts Receivable
Which field can you change on a posted invoice?
- A. Special G/L indicator
- B. Basel ine date
- C. Statistical internal order
- D. Tax code
Answer: B
NEW QUESTION # 46
How does the system perform the normal reversal of a journal entry?
- A. It creates an inverse posting by increasing the transaction figures.
- B. It creates an inverse posting by resenting the transaction figures.
- C. It creates an inverse posting by decreasing the transaction figures.
- D. It creates an inverse posting by resenting the transaction figures for cleared documents.
Answer: A
NEW QUESTION # 47
On which levels can you maintain field status controls for business partners (BP)?
Note: There are 2 correct answers to this questions.
- A. Company code
- B. BP type
- C. BP category
- D. BP role
Answer: B,D
NEW QUESTION # 48
General Ledger Accounting
"A general ledger account has a foreign currency setting of CAD. The company code currency is USD. The controlling area currency is EUR.
Which currencies can you post to this account?"
- A. You can only post to the account in CAD, USD, and EUR.
- B. You can post to the account in any currency and it will be converted into CAD.
- C. You can only post to the account in CAD.
- D. You can only post to the account in CAD and USD.
Answer: C
NEW QUESTION # 49
"Organizational Assignments and Process Integration "
"Which of the following statements are valid for financial document number ranges?
Note: There are 3 correct answers to this question"
- A. Financial document number ranges are defined at company code level
- B. Financial document number ranges must be defined for the year in which they are used
- C. The same financial document number range can be assigned to several document types
- D. All financial document number ranges can contain numbers and/or letters
- E. Financial document number ranges defined at client level should NOT overlap
Answer: A,C,D
NEW QUESTION # 50
What are some features of SAP HANA?
Note: There are 2 correct answers to this questions.
- A. SAP HANA is optimized to organize data using column stores.
- B. SAP HANA is optimized to work with aggregates and index tables.
- C. SAP HANA is allows transactional and analytical processing from the same tables.
- D. SAP HANA is built on a hierarchical data model architecture.
Answer: A,C
NEW QUESTION # 51
Accounts Payable and Accounts Receivable
What dunning -related data do you maintain on the business partner master record? (3 correct answers)
- A. Dunning Key
- B. Dunning procedure
- C. Dunning interval
- D. Dunning block
- E. Dunning area
Answer: D,E
NEW QUESTION # 52
What are the maintenance levels of a screen layout rule for asset master data? Note:There are 3 correct answers to this question
- A. Asset sub number
- B. Group asset
- C. Depreciation area
- D. Main asset number
- E. Asset class
Answer: A,D,E
NEW QUESTION # 53
"Organizational Assignments and Process Integration "
"What does the document type control?
Note: There are 2 correct answers to this question."
- A. Which posting keys are allowed for postings
- B. Whether negative postings are permitted
- C. Whether text is required on line item level
- D. Which account types are allowed for postings
Answer: A,B
NEW QUESTION # 54
You are running an international business and you want to set up separate legal entities to run operations and perform accounting activities.
Which organizational unit do you need to create for each legal entity?
- A. Company Code
- B. Consolidation unit
- C. Segment
- D. Company
Answer: A
NEW QUESTION # 55
Overview and Deployment of SAP S/4HANA
"You are a group cash manager interested in the North American business market.
What are the personalization options available to you in SAP Fiori?
Note: There are 2 correct answers to this question"
- A. You can manage user access to relevant apps for the North American accounts payable group that reports to you
- B. You can create a tile to take you directly to the cash position of the North American business market
- C. You can adapt the launchpad color theme according to predefined values for the cash report
- D. You can create a tile group with all the apps required for you daily business for easy access
Answer: B,D
NEW QUESTION # 56
Which fields of a financial accounting document influence the automatic payment program?
Note: There are 3 correct answers to this questions.
- A. Payment type
- B. Payment method
- C. Term of payment
- D. Payment transaction
- E. Baseline date
Answer: B,C,D
NEW QUESTION # 57
Which field can you change on a posted invoice?
- A. Payment terms
- B. Cost center
- C. Special GL indicator
- D. Tax code
Answer: A
NEW QUESTION # 58
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SAP C-TS4FI-2021 Certification Exam is a comprehensive, one-of-a-kind exam that requires extensive knowledge of the latest SAP S/4HANA financial accounting techniques and practices. As a certified professional, candidates will have proven knowledge of SAP's cutting-edge financial accounting tools and methodologies, making them experts in the field. Candidates who pass the SAP C-TS4FI-2021 Certification Exam are eligible to use the SAP Certified Application Associate title and can be trusted by their employers and clients to deliver value through their extensive knowledge of SAP's finance tools.
Passing the SAP C_TS4FI_2021 exam provides individuals with a competitive edge in the job market, allowing them to showcase their expertise in SAP S/4HANA Financial Accounting. SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) certification also provides numerous benefits, such as access to SAP's official certification portal, recognition as a certified professional, and access to SAP's community network. SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) certification is an excellent opportunity for individuals who want to advance their career in financial accounting and gain recognition as an expert in SAP S/4HANA.
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